british american tobacco adr Turns Cautious on Guidance Despite U.S. Growth British American Tobacco takes control

I have always claimed that tobacco returns will generally generate a much greater variation across growers compared to many other agricultural enterprises given tobacco producer differences in labor source (H2A vs non-H2A), labor requirements, yield expectations, equipment and housing/stripping facilities, GAP fees, and price outcomes

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"I'm nervous that the incoming government might take a softer stance and not drive things as hard as our current government under our present minister." What he isn't concerned about is the potential of a black market of cigarettes, which he said already exists but is "relatively small and it's relatively easy to manage." "We're surrounded by over a thousand kilometres of water from the nearest country," he said